What is Asana Financial Strength?
Asana has the Financial Strength Rank of 5.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Asana did not have earnings to cover the interest expense.
Asana's debt to revenue ratio for the quarter that ended in Jan. 2024 was 0.41.
As of today, Asana's Altman Z-Score is 1.27.
Competitive Comparison of Asana's Financial Strength
For the Software - Application subindustry, Asana's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Asana's Financial Strength Distribution in the Software Industry
For the Software industry and Technology sector, Asana's Financial Strength distribution charts can be found below:
* The bar in red indicates where Asana's Financial Strength falls into.
Asana Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Asana's Interest Expense for the
months ended in Jan. 2024 was $-1.0 Mil. Its Operating Income for the
months ended in Jan. 2024 was $-67.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $258.7 Mil.
Asana's Interest Coverage for the quarter that ended in Jan. 2024 is
| Asana did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Asana's Debt to Revenue Ratio for the quarter that ended in Jan. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Asana has a Z-score of 1.27, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 1.27 is in distress zone. This implies bankruptcy possibility in the next two years.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Asana (ASAN) Business Description
Traded in Other Exchanges
Address
633 Folsom Street, Suite 100, San Francisco, CA, USA, 94107
Asana is a provider of collaborative work management software delivered via a cloud-based SaaS model. The firm's solution offers scalable, dynamic tools to improve the efficiency of project and process management across countless use cases, including marketing programs, managing IT approvals, and performance management. Asana's offering supports workflow management across teams, provides real time visibility into projects, and reporting and automation capabilities. The firm generates revenue via software subscriptions on a per seat basis.
Executives
| Tim M Wan |
officer: Chief Financial Officer |
C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107 |
| Eleanor B Lacey |
officer: GC, Corporate Secretary |
C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107 |
| Anne Raimondi |
director |
C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107 |
| Dustin A. Moskovitz |
director, 10 percent owner, officer: President, CEO, & Chair |
P.O. BOX 2929, SAN FRANCISCO CA 94126 |
| Lorrie M Norrington |
director |
C/O EBAY INC., 2145 HAMILTON AVENUE, SAN JOSE CA 95125 |
| Justin Rosenstein |
director, 10 percent owner |
C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107 |
| Krista Anderson-copperman |
director |
C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107 |
| Amit K. Singh |
director |
3000 TANNERY WAY, SANTA CLARA CA 95054 |
| Chris Farinacci |
officer: Chief Operating Officer |
C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107 |
| Andrew Lindsay |
director |
C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107 |
| Steven M Spurlock |
10 percent owner |
2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
| Benchmark Capital Management Co. Vi, L.l.c. |
10 percent owner |
2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
| Generation Im Climate Solutions Fund Ii, L.p. |
10 percent owner |
PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
| Founders Fund Iv Management, Llc |
10 percent owner |
ONE LETTERMAN DRIVE, BUILDING D, SUITE 500, SAN FRANCISCO CA 94129 |
| Matt Cohler |
director, 10 percent owner |
2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
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